Conference

African Iron Ore6-8 November 2012 Hilton Sandton Johannesburg, South Africa

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Confirmed speakers include:

• Alan Davies, President International Operations Iron Ore, Rio Tinto, Australia

• Godfrey Oliphant, MP, Deputy Minister of Mineral Resources, South Africa

• George Jones, Chairperson, Sundance Resources, Cameroon

• Socrates Vasiliades, CEO, Core Mining, Republic of Congo

• Henk Deist, Head Resource Finance, Rand Merchant Bank, South Africa

• Rajesh Goel, CEO, Arcelor Mittal, Liberia

• Peter von Klemperer, Director Mining and Metals, Standard Bank, South Africa

• Dr. Oliver Maponga, Economic Affairs Officer, United Nations Economic Commission for Africa, Zambia

• Ted Zulu, CEO, RRL Grindrod, South Africa

• Deon Pieterse, Chief HR Officer, African Rainbow Minerals, South Africa

• Nivaash Singh, Head Mining Finance International, Nedbank Capital, South Africa

Platinum Sponsor

Gold Sponsor

Media Partners

The African Iron Ore Market has seen a boom in the past few years, with hundreds of international mining firms and junior miners alike vying for a portion of the largely untapped sources of iron ore that the continent has to offer. Being a key strategic material for industrialisation, Africa has welcomed this interest and growth with open arms, providing great opportunities for substantial development within the iron ore market, and ensuring new supply chains for decades to come.

However, along with the promising growth forecasts and the potential for a substantial return on investment, there are key challenges for the African Iron Ore marketplace. The large scale infrastructure requirements to get these projects off the ground, a strong need for new sources of finance, and questions over what effect these new iron ore products will have on the international balance of supply and demand make African Iron Ore an important and compelling topic within the global iron ore industry.

Metal Bulletin Events’ African Iron Ore Conference will provide a unique opportunity for the key stakeholders within the iron ore market to convene in Africa and discuss the rapid and exciting developments that are currently taking place across the continent.

International investors, steel mills, miners, infrastructure, logistics and engineering firms are given the opportunity to discuss new products and projects coming out of the African market and what effect these new developments may have on their businesses and the global iron ore marketplace as a whole.

Conference

African Iron Ore6-8 November 2012 Hilton Sandton, Johannesburg, South Africa

Key topics for discussion:

• Iron ore being a key material for economic growth –how much are new emerging markets set to consume in the near future, and what does this mean for Africa?

• How best to manage communication between government and private enterprise

• Keynote speeches from government mining ministers: outlining clear policies and guidelines

• How to ensure infrastructure projects are delivered on time to support miners’ ability to export at full capacity

• Tackling the environmental, social and political issues for neighbouring communities of mines and infrastructure projects

• How the industry can produce the workforce needed to support expansion projects in the medium to long-term

• Innovative methods for raising capital:examining the broad spectrum of solutions available to finance large mining projects

Benefits of attending:

• Network with key players in the African Iron Ore marketplace

• Receive vital information on new projects and their contribution to global iron ore supplies

• Meet with government ministries involved in iron ore mining, and gain a clear understanding of their policies and guidelines

• Get answers to key questions about the infrastructure challenges facing your business from industry leaders, and hear from businesses who have identified solutions

• Seize the opportunity as a foreign investor or broker to identify new business prospects in the region

• Expand your knowledge of the quality and grade of products that will be available to international steel mills from Africa

Annual African Iron Ore Capacity Additions (‘000 tpy)

400,000

2012 2013 2014 2015 2016 2017 2018 2019 2020

350,000

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Tuesday 6 November17:00 Registration desk opens

18:00 Welcome reception hosted by Rio Tinto

DAY ONE Wednesday 7 November08:00 Registration desk opens

09:00 Chairman’s opening remarks

Session I: Supply and demand: Africa’s place in the market

09:15 Keynote presentation: emerging market growth and its effect on iron ore consumption, is Africa poised to benefit?

•Roomforgrowth:withironorebeingakeymaterial for economic growth, how much are new emerging markets set to consume in the near future?

•Thedangersofasaturatedmarket:isChinesedemand waning?

•Whatcontributionwillthenewproducts coming out of Africa make to the global iron ore marketplace?

•Casestudy:longtermforecastsforthefutureofSimandhou, and iron ore mining in Guinea

Alan Davies, President International Operations Iron Ore, Rio Tinto, Australia

09:45 The specific challenges involved for iron ore projects in Africa: what makes the region unique when developing an operational mine?

•Ensuringasolidfoundationforyourproject:factoring in the need for identifying all resource requirements, from equipment to manpower

•Whatisthebestwayforminerstogainaclearunderstanding of government policies, regulations and guidelines?

•Examiningthekeyfactorsintheprocessfrom pre-feasibility through to delivery

•TimingChallenges:howlongdoesittaketogetaproject off the ground?

•Casestudy:buildingastrongminingbase in Liberia

Rajesh Goel, CEO, Arcelor Mittal, Liberia

10:15 Government presentations on African demand and growth targets for iron ore

•Whataregovernmentforecasts regarding production?

•Aretherespecificpoliciesthatwillbeadoptedtoencourage foreign investment?

•Isironoreastrategicmaterial? •Howdogovernmentsseedemanddevelopingin

their domestic markets? •Howdonationalgovernmentsplantoimplement

outlined best practice methods from the African Mining Vision?

Moderator: Dr. Oliver Maponga, Economic Affairs Officer, United Nations Economic Commission for Africa, Zambia

Godfrey Oliphant, MP, Deputy Minister Mineral Resources South Africa

Further government ministries tbc

11:05 Networking Coffee Break

Session II: Issues in infrastructure

11:50 How can governments ensure that the domestic marketplace benefits from private infrastructure projects?

•Findingamiddleground:howtomanageissuesaround private ownership of the infrastructure miners have built, and the sovereignty of the ground it’s built on

•Localbenefitsofinfrastructuredevelopment •Howgovernmentscansupportforeigndirect

investment in infrastructure development Jonathan A. Sharkah, Director of mines, Ministry of

Mineral Resources, Sierra Leone

12:20 Overcoming the infrastructure challenges facing Africa

•Howtoensureinfrastructureprojectsare delivered on time to support miners’ ability to export at full capacity

•Howcanbusinessescontrolspendingandmanage unexpected costs?

•Howtogetagoodreturnoninvestmentoutofinfrastructure projects: can investors ensure that there will be sufficient long term rewards?

Ted Zulu, CEO, RRL Grindrod, South Africa

12:50 Building effective finance packages for power and infrastructure for iron ore miners in Africa

•Asmarketcapitalisationofprojectshastakena big knock recently, where will new sources of infrastructure finance come from?

•Movingawayfromtraditionaldebtsources:structured asset finance and product leases

David Humphrey, Global Head, Power and Infrastructure, Standard Bank South Africa

13:20 Are partnerships and joint ventures a new best practice model for the future of infrastructure use in African mining?

•Infrastructurefundingsolutions:howworkingwithyour competitors can be in your best interest

•Arecompetitorpartnershipsnowtheonlywayinwhich to fulfil the financial and strategic needs of large mining projects?

•Canbothparties’needseverbeequallysatisfied? Socrates Vasiliades, CEO, Core Mining, Republic

of Congo & George Jones, Chairperson, Sundance Resources, Cameroon

14:00 Networking lunch hosted by Assmang

Session III: Labour market issues

15:30 Will the industry be able to produce the workforce needed to support expansion projects in the medium to long-term?

•Canprojectsruntooptimumlevelswithoutsufficient man power?

•Casestudies:trainingprojectsandneedsanalysis •Howgivingyouremployeesmore

involvement in your business can result in a more committed workforce

•Thevalueofhumancapital:competingforthebest in the marketplace

•Cantherebevaluegainedfromimportingaworkforce from the international market?

Deon Pieterse, Chief HR Officer, African Rainbow Minerals, South Africa

16:00 Governments’ role in labour market solutions: •Howempoweringlocalpeoplewithskillsforthe

future can offer long term solutions for labour market shortages

•Howprivatebusinessandlocalgovernmentcanwork together to provide solutions for the labour market crisis

•Casestudies:trainingprojectsandneedsanalysis

Session IV: Relationships between mining business and their host nations

17:00 Keynote presentation: how to manage conflict when dealing with local communities

•Tacklingtheenvironmental,socialandpoliticalissues for neighbouring communities of mines and infrastructure projects

•Corporateandcivilpartnerships:howgovernmentand private enterprise can work together

•Encouraginglocaldevelopmentandaddingvalue Godfrey Oliphant, MP, Deputy Minister of Mineral

Resources, South Africa

17:30 How sustainability can make good business sense

•Localdevelopmentprojectsandtheirimpactonthe bottom line

•Ensuringyourproductmeetsethicalstandards •Usingcommercialresourcestore-investin

local communities Jane Fiona Cumming, Founding Partner,

Article 13,UnitedKingdom

18:00 Chairman’s closing remarks, and end of day one

DAY TWOThursday 8 November08:30 Registration desk opens

Session V: Pricing – will the new supplies of iron ore drive down prices?

09:00 How will market changes affect the way business is done?

•Doesyourbusinessmodelneedtobe more flexible?

•Howwilltheintroductionofthenewmarketplatforms aid price transparency?

•Howdoshortertermpricecontractsfare for long term investment – is the market too volatile?

•Thelimitedefficacyofspotmarketpurchases and short term contracts: are long term agreements still the best way to ensure quality of product and supply?

•Whichgroupsofminingcompanieswillbemostattractive to international buyers?

•HowwillnewironoreproductscomingoutofAfrica be priced, marketed and sold?

Varun Dinodiya, Senior Marketing Manager, Global Ore,UnitedKingdom

09:30 What effect will fluctuations in prices have on the economic viability of new exploration projects in West Africa?

•Howbesttohedgeagainsthighlevelsofinvestment needed and the risk of having a lower than expected return on investment

•Effectiveinsurancemethods,buildingbespokeinsurance packages that account for unique features of mining in Africa

•Howcanbusinesseshedgeagainstever rising export costs, and changes in government policy?

Session VI: Political Risk: communications and conflicts

10:00 Navigating through issues of uncertainty when investing in Africa

•Examiningthepoliticalandbusinessdynamics of Africa

•Whyinvestingintransparentrelationshipsarekeyfor the security of your business

•Encouragingdirectgovernmentparticipationandensuring your business aims are in tune with the long terms aims of the host nation

Dr. Kevin Franklin, Managing Director of Professional Services, Maplecroft,UnitedKingdom.

10:30 Addressing the perceived threat of resource nationalism

•Howgenuineisthethreatofresourcenationalismfor investors in Africa?

•Whataretheissuessurroundingfluctuationsinexport taxes and the need for governments to ensure their communities are getting the most out of foreign investors?

•Calmingresourcenationalismviaresource rental collection

Stephen Meintjes, Head of Research, Imara S.P Reid, South Africa

11:00 Networking Refreshment Break

Session VII: Financing

11:45 Raising capital for infrastructure projects from the international marketplace

•Whatarethekeyissueswhenraisingforeigninvestment for infrastructure projects in Africa?

•Facilitatingeconomicgrowththroughinfrastructure development

•Makinglong-termforeigncurrencydebtfinanceavailable to African Infrastructure projects

•Whysomeprojectsareeasiertofinancethanothers, and what this will mean for the future

Nick Rouse, Director, Emerging Africa Infrastructure Fund,UnitedKingdom

12:15 Panel Discussion: new developments in capital markets, and their effect on the financing of African mines

•AreInternationalpartnershipsthewayforward,inlight of the scale of investment required?

•Doesthenewextremeconservatismofwesternbanks mean Europe will be shut out of new investment opportunities in Africa?

•Innovativemethodsforraisingcapital:newprivatewealth interests in the iron ore marketplace

•Marketingyourprojectandencouraging new investment

•Howwillthenewtrendofmergersandcquisitionswithin the marketplace affect smaller independent mining companies?

Henk Deist, Head Resources Finance, Rand Merchant Bank, South Africa

Nick Rouse, Managing Director, Emerging Africa Infrastructure Fund,UnitedKingdom

Nivaash Singh, Head Mining Finance International, Nedbank, South Africa

Peter von Klemperer, Director Mining and Metals, Standard Bank, South Africa

Session VIII: Junior Miners showcase

12:45 A chance to be informed about some of the new exploration projects taking place in Africa at the moment

•Whatistheproductqualityavailablefromnewgreenfield projects?

•Learnabouttheinvestmentopportunitiesavailable •Deliverytimetablesandcapacityforecasts

13:30 Networking lunch and close of conference

Friday 9 November

Full day field trip to Assmang’s Khumani Mine

Note: Metal Bulletin Events reserves the right to alter the venue timings and/or speakers. © Metal Bulletin Events, part of Euromoney Trading Limited

www.assmang.co.za

www.assmang.co.za

Sponsorship & exhibition opportunities

Showcase your company, increase your brand awareness and enhance your networking opportunities by becoming a sponsor of the African Iron Ore Conference. Sponsorship opportunities developed by Metal Bulletin Events have become essential tools for organisations in fulfilling their marketing objectives. There are a range of sponsorship opportunities which will enable your company to raise your brand profile, before and at the event as well as highlight your company to an audience of senior executives and key decision makers from across the sector.

Cocktail reception – network and welcome potential clients with your branding prominent

Coffee break sponsor – get your message across with high visibility branding

Delegate bag sponsor – your company logo on the move for maximum effect

Exhibition space – Showcase your business with an exhibition stand and take advantage of the opportunity to discuss the products and services your company has to offer

Platinum, Gold & Silver branding – stand out from the rest and ensure your logo is on the conference stage, all event banners and marketing material, which is distributed to thousands of professionals in the market place

To find out more about tailored sponsorship or to reserve your exhibition booth, please contact: Charlie Shelley-Smith, Tel: +44 020 7779 8106, Email: cshelleysmith@metalbulletin.com

The Khumani iron ore mine - formerly known as the Bruce, King and Mokaning (“BKM”) Project is situated approximately 30km south of the town of Khatu, in the Northern Cape Province of South Africa and approximately 65 km north of Beeshoek Mine.

Commissioned in 2008, the flagship Khumani iron ore mine has already produced 34 million tonnes of ore. The mine replaces the older Beeshoek Iron Ore Mine as the main iron ore producer for Assmang Limited and has grown from 8.4 million tonnes a year to 10 million tonnes. Following the completion of the expansion project in June 2012 the mine has now added 16 million tonnes.

Khumani ore mining and processing

The iron ore is mined from a series of open pits, on the Bruce and King properties, by means of conventional drilling, blasting and loading into trucks for hauling to each of the Bruce and King primary and secondary crushing facilities. From there, it is transferred by means of overland conveyor and stockpiled onto blending beds that categorises the material into two categories, on and off grade material, ahead of the Parsons Beneficiation Plant.

Departing from Johannesburg on the morning of 9 November, delegates will take a short flight to the Northern Cape province of South Africa where the mine is located. During their visit to the Khumani Mine delegates will receive an extensive tour of the mine and have the opportunity to get an in depth look at its operations, including the washing and screening plant, and the plants tertiary crushers.

Further information about field trip prices and how to sign up will be available at a later date.

www.assmang.co.za www.assmang.co.za

Optional field trip to Assmang’s Khumani iron ore mine 9 November 2012 1 Full day

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Fees: The conference fee includes attendance at all sessions, refreshments, drinks reception, networking boat trip and lunch.

Accommodation: The fee does not include accommodation. A limited allocation of rooms has been reserved at the conference hotel. Delegates will be sent an accommodation booking form along with confirmation of registration. This form should be completed and returned to the hotel. Accommodation is only for registered delegates and if you are not a delegate the rate may be higher or your room may be cancelled.

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BOOKING CONDITIONSRegistrations can only be confirmed upon receipt of payment or proof of payment and discounted fees will only apply when payment is received within the offer period. If you are not able to attend, a substitute delegate will be accepted. Cancellations must be received in writing prior to 5October2012 toqualify for a full refund lessUS$200administration fee. Itmaybenecessary for reasons beyond the control of the organisers to alter the content, timing and venue. In the unlikely event of the conference being cancelled or curtailed due to any reason beyond the control of Metal Bulletin Ltd., or it being necessary or advisable to relocate or change the date and/or location of the event, neither Metal Bulletin Ltd., nor its employees will be held liable forrefunds,damagesand/oradditionalexpenseswhichmaybeincurredbydelegates.Wethereforerecommendprospectivedelegates arrange appropriate insurance cover.

Hilton Sandton HotelAddress: 138 Rivonia Road Sandton, 2196, South AfricaTelephone: +27 (0) 1 1322 1888

Set amongst landscaped gardens; the Hilton Sandton hotel is conveniently located intheSandtonbusinessdistrict,tothenorthofJohannesburg.Witheasyaccessto great shopping, the main banking institutions and the Johannesburg Stock Exchange, the hotel is the ideal base for business and leisure guests. The Sandton Convention Centre is a 5-minute walk away and there is wireless internet access in the Executive Lounge and 9 meeting rooms for 4-1000. All guest rooms at the Hilton Sandton hotel feature satellite television and high speed internet access.

Booking your accommodation:Uponregistration,delegateswillreceiveanaccommodationbookingformbyemailto be completed and returned direct to the hotel.

Conference

African Iron Ore6-8 November 2012 | Hilton Sandton | Johannesburg, South Africa

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